# PPP loan: MG HOSPITALITY MET II INC
> **$1.49M** approved 04/27/2020 · Paid in Full · Loan `5658297206`
## Borrower
- **Name:** MG HOSPITALITY MET II INC
- **Address:** 9090 SOUTH DADELAND BLVD, MIAMI, FL, 33156-7820
- **NAICS:** 531312
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.49M
- **Initial approval:** $1.49M
- **Forgiven:** $167K (11%)
- **Forgiveness date:** 09/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.11M
- **Utilities:** $372K
- **Jobs reported:** 243
## Lender
- **Originating:** City National Bank of Florida
- **Servicing:** City National Bank of Florida (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*